Question 1

You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.

Which three event attributes should be used? (Choose three.)

Options :

A : Transaction number of amendments

B : Transaction created by

C : Transaction last update date

D : Transaction creation date

E : Transaction type of update

Answer: A,C,E

Question 2

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.

Which two conditions are failing? (Choose two.

Options :

A : Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.

B : The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

C : Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

D : The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.

E : Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.

F : The customer does not have the default strategy and default collector assigned at the customer account and site level.

Answer: B,C

Question 3

A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).

When will revenue be recognized?

Options :

A : only after manual intervention

B : after 100 days

C : immediately

D : after 60 days

Answer: B

Question 4

In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

Options :

A : Days Early

B : Time

C : DaysLate

D : Not Applicable

Answer: C

Question 5

You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.

What are the navigational steps needed to accomplish this task?

Options :

A : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Receivables''/Task: ''Manage Business Unit Set Assignment''

B : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Legal Structures''/Task: ''Manage Business Unit Set Assignment''

C : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Financial Reporting Structures''/Task: ''Manage Business Unit Set Assignment''

D : Setup and Maintenance/Setup Dropdown: ''Financials''/Functional Area: ''Organization Structures''/Task: ''Manage Business Unit Set Assignment''

Answer: A

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